INTEGRATED TRADING AND CLEARING (ITAC) - CLIENT FORUM 10 APRIL 2019 - JSE
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Integrated Trading and Clearing (ITaC)
Client Forum
10 April 2019
1
Agenda
• ITaC High Level Timeline and Key Dates
• Early Deployment Support Model Update
• Go live cutover, Deployment & Support
• High Level Business Continuity Scenario Planning
• Client Forum Topics
• Questions
2
Project ITaC Count Down
As at 10 April 2019
11 business days
to Go Live
on 29 April 2019High Level ITaC Timeline
V 2018 DEC 2018 JAN 2019 FEB 2019 MAR 2019 APR 2019 MAY 2019
19- 26- 3- 10- 17- 24- 31- 7- 14- 21- 28- 4- 11- 18- 25- 4- 11- 18- 25- 1- 8- 15- 22- 29- 6- 13- 20- 27-
23 30 7 14 21 28 4 11 18 25 1 8 15 22 1 8 15 22 29 5 12 19 26 3 10 17 24 31
Go live bedding
Go Live down
RTC,
29 Apr
DRs & Deployments
VIS RTC
CIS
Int. Ext.
Deploy
Deploy
9Feb 9Mar
MMDR11 MMDR12 Int. EXT
daily daily
MMDR MMDR EXT daily prod
prod prod
Prep Prep run
run run
ycle 8 Scripted ETE ETE
Data JSE support for CM
ecommissioning Cycle 9 Final Cycle
testing refr internal testing
Scripted Scripted
Client Readiness
ETE Testing &
Downstream & Integration JSE ETE environment available
Testing
Final Final
Conceptual Conceptual
CM Project Training Training
Code Break CM CM
Drop Code drop Code drop
Rules Rules
Gazetted Approval
Rules formal
consultation
Other
PTW PTW ETW PTW ETW PTW
We are
here 4ITaC Key Dates
Date Milestone
Mid Apr 2019 Final approval of rules
18 Mar – 18 Apr 2019 ETE Staging test environment available to clients
25 Mar – 26 Apr 2019 RTC in production available to clients extended to 26 Apr
Reference Data Live
External Production Daily Run (daily reference data alignment)
26 Apr 2019 JSE EXCO Go live decision
27 – 29 Apr 2019 Go Live Weekend and Final cut-over activities
29 April 2019 Go Live Date
29 April 2019 ETE Staging Refresh (will have same production data as at SOD on 29 Apr 2019)
May 2019 CTS refresh
6 May 2019 Trader ID freeze end
Clients with
17 May 2019 Enablement change freeze end outstanding testing
to make use of CTS
or ETE Staging
Environment and
complete by
18 Apr 2019
5ITaC Key Dates (cont.)
Enablement Freeze Period
• Enablement change freeze is now in effect for EQM, EDM and FXM
• 17 May 2019 - Enablement change freeze end (could be earlier if bedding down
period smooth)
Trader ID Freeze Period
• 17 April 2019 – Cut off date for any final trader deletions prior to go live (no new
Trader Ids can be added for EDM & FXM in ITaC
• 6 May 2019 – TraderID freeze end
Go Live Bedding Down Period
• 29 Apr – 17 May 2019
6Agenda
• ITaC High Level Timeline and Key Dates
• Early Deployment Support Model Update
• Go live cutover, Deployment & Support
• High Level Business Continuity Scenario Planning
• Client Forum Topics
• Questions
7Key ITaC Milestones
16 March 18 March 26 April – 29 April
ITaC Go Live
RTC & VIS Early JSE End-To-End (ETE) • 26 Apr all markets will close early
Deployment Data will be as for 9 • Nutron data take-on into ITaC services
Early introduction of RTC and Mar dress rehearsal
• Data take-on verification and signoff by
VIS into the Production New RTC enablements members
environment required
• Decommissioning of Nutron EDM and FXM
& Reference data take on
• Final ITaC deployment to production
systems
Customer Test Service 18-22 March 25 March – 26 April Project Post Go Live Support
(CTS) data refresh NO Client Market Facing Access Period
Access to Prod to Prod Heightened period of focus to
CTS data will be refreshed
on the evening of 13 ensure incidents are prevented, or if
March with the 9 Mar Early Deployment Support Period they occur they are managed
dress rehearsal data This period spans the three weeks post timeously during the online day and
RTC and VIS early deployment until the batch window
ITaC Go Live weekend 30 Apr – first ITaC Month End
14 March 18 March – 26 April 29 April – 17 May
825 March to 26 April – Early Deployment Support Period
When
• Period spans the three weeks post RTC and VIS deployment until the ITaC go Live
weekend
Please note: Production
What credentials and IP addresses are
• 25 Mar - 26 Apr
applicable for this environment
• Heightened period of focus during online day and batch window
• ACCESS to Trading and Market Data Prod Gateways to prove connectivity/LCON
• EDM/FXM markets are suspended i.e. not up and therefore no real-time reference data published from
the Trading System
• ACCESS to RTC Prod for clients enabled – Passwords will be reset, clients MUST login and change these
• Clients can login to prove connectivity/LCON to RTC prod
• Clients can subscribe to real-time RTC reference data
• Alignment between JSE systems
• Daily alignment of instruments in Nutron and ITaC i.e. each day, all instrument reference data created in
Nutron will be captured into ITaC systems
• Daily publication of prices via RTC (from JSE pricing system) at snapshot intervals during the day and then EOD
(will be some differences to current Nutron)
• Weekly alignment of client accounts between Nutron and ITaC i.e. every Friday evening, all client accounts
captured or maintained in Nutron will be migrated into ITaC systems based on data take-on rules
• Daily Instrument mapping spreadsheet will be published on the ITaC webpage -
www.jse.co.za\services\itac#OtherDocumentation
9 • Daily Client CSV files (trading reference data) will be published via IDP folder \Derivatives Market Prod folder25 March to 26 April – Early Deployment Support Period
Communication
• Monitor exception communication at the following link:
https://www.jse.co.za/services/itac-communications-page
A general client call will be scheduled if and when necessary
Verify Reference Data and report any issues to your software provider
and then CSC if they confirm it is a JSE issue
Issue Logging to JSE
• Ensure clear issue logging procedure for your team
• Ensure you have the support helpdesk contact details of your software provider/Shared
Infrastructure Provider (SIP) for support
• Log all software issues with your software/SIP provider – not the JSE
• Log all queries confirmed to be JSE issues with JSE Client Service Centre (CSC) - via email to
CustomerSupport@jse.co.za or telephone +27 (11) 520 7777
• During this early deployment period when reporting issues to JSE provide the following details:
• Market affected in subject line – EDM or FXM
• Issue category in subject line e.g. Reference Data, Connectivity to Trading, Connectivity to
RTC, NLMD, etc
• Firm name and contact of person logging the issue
10 • Description of issue/queryAgenda
• ITaC High Level Timeline and Key Dates
• Early Deployment Support Model Update
• Go live cutover, Deployment & Support
• High Level Business Continuity Scenario Planning
• Client Forum Topics
• Questions
1126 April to 29 April – ITaC Go Live
When
• Activities pertaining to Go live commence on 26 April and will largely
be completed on 27 April, with some completing during batch run on
29 April
• All JSE markets closing earlier on 26 April 2019 (except Bond ETP)
What
• Positions and collateral balances data take-on as at close of business 26 April
• Final client account take on (client accounts loaded in Nutron from 23-26 Apr)
• Decommissioning of EDM and FXM Derivatives markets
• Final deployment of ITaC changes to production systems
• Member (Trading and Clearing) data take-on verification and signoff
• Client connectivity tests (live connectivity tests) to all ITaC Services
• Trading and Market Data
• Real-Time Clearing (RTC)
• Information Delivery Portal (IDP)
12Overall Go-live Weekend - 26 to 29 April 2019
Thurs Fri Sat Sun Mon
25 26 27 Cut-over continues… 28 29
~6am publish FINAL CSV files,
06h00 Technical support
mapping spreadsheet and EDM
All Markets Trading Schedules & FXM Friday EOD Closing Price
on site:
adjusted spreadsheet TMs, CMs, SWPs, SIPs &
Info Subscribers.
Should have JSE BACKUPS
proved ~15h00 Notice on Go/No 06h00 All Technical
Go Decision 09h00 – 12h00 Interfaces Logged In
PRODUCTION
SIPs & Directly connected TMs
connectivity to
Login to Trading & RTC and align
your SIP and the All markets closing earlier - 07h45 All TM and CM
data to JSE
JSE see Notice 104B business users logged in
e.g. Traders 09h00 – 12h00
MUST login to CMs Login to Trading & RTC and Normal Market Start
their new front- align data to JSE for all JSE Markets as per
~ 16h30 Derivative Market
end to confirm batches and EOD balancing Trading & RTC schedules
12h00 – 15h00
credentials in CM Data verification and
place Business Users Onsite
connectivity signoff to JSE
~18h00 Other JSE services
12h00 – 15h00
normal batch
TM Data verification and Business Users Onsite
connectivity signoff to JSE
JSE BACKUPS JSE Nutron EDM and FXM
Decommissioning activities
~18h00 start cut-over and commence
data migration take-on
Service Hotline All times SAST and
activities for ITaC JSE Go Live completion
13 are approx.
confirmation to clientsTrading Member Activities - 26 to 29 April 2019
Thurs Fri Sat Sun Mon
25 26 27 JSE Cut-over continues… 28 29
~6am publish FINAL CSV files,
All Markets Trading Schedules mapping spreadsheet and EDM
adjusted & FXM Friday EOD Closing Price Latest 06h00 Technical
spreadsheet support on site.
~15h00 Notice on Go/No Go All TMs’ Technical interfaces
Should have Decision 9h00 – 12h00 logged in
proved SIPs & Directly connected TMs Login
PRODUCTION All markets closing earlier - see to Trading and RTC and align data to
connectivity to Notice 104B JSE Latest 07h45 All Traders
your SIP and the logged in
JSE ~16h00 Note your Hold Over 12h00 – 12h30
e.g. Traders orders Traders login & prove connectivity Traders and Business Users Onsite
MUST login to to new Trading Front-end and give
their new front- signoff to JSE
end to confirm 16h30 - 18h30
– NO TRANSACTION DATA needed 08h00 - FXM & EDM
credentials in Perform API/Nutron
Trade Reporting Start
place Downloads
(used for data verification on 12h30 – 15h00 08h15 – 08h30
27 Apr) TM Data verification of account and EDM Open Auction
positions & signoff to JSE
08h30
~16h30 – 18h30 JSE Nutron EDM and FXM EDM Continuous Trading Start
JSE Derivative Market batches Decommissioning activities
and EOD balancing commence
09h00
All times Service Hotline FXM Continuous Trading Start
SAST and are ~18h30 TMs can start internal JSE go live completion confirmation
approx. deployment activities for ITaC to clients
14Clearing Member Activities - 26 to 29 April 2019
Thurs Fri Sat Sun Mon
Cut-over continues…
25 26 27 ~6am publish FINAL CSV files, 28 29
All Markets Trading Schedules mapping spreadsheet and EDM 06h00 Technical support
adjusted & FXM Friday EOD Closing Price on site
spreadsheet
~15h00 Notice on Go/No Go 06h00 All Technical
Decision 09h00 CMs clean out activities
RTC on 26 Apr Interfaces Logged In
Should have
proved All markets closing earlier - see
PRODUCTION 09h00 - CMs Login to Trading & 07h45 All GCMS business users
Notice 104B
connectivity to RTC and align data to JSE logged in
the JSE 16h30-18h30 Perform
e.g. Users MUST ~09h30 – Run EOD 26 Apr ALL TICKS ~07h30 26 Apr Settlement
API/Nutron Downloads
login to GCMS to (data verification on 27 Apr) no BALANCING
confirm 09h45 – Run Mkt rates, CM Business Users Onsite
credentials in Positions & settlement take-on
place ~16h30 – 18h30 Derivative ~11h00 – CM take on scripts other
Market batches and EOD SEE DETAILED CHECKLIST 08h00 - FXM & EDM
balancing Trade Reporting Start
12h00 – 15h00
~18h30 Other JSE services CM Data verification and signoff to 08h15 – 08h30
normal batch JSE EDM Open Auction
JSE Nutron EDM and FXM
~18h30 CMs start deployment Decommissioning activities 08h30 – EDM Continuous
activities for ITaC commence Trading Start
All times SAST and ~22h00 MTM and Spot Prices Communication 09h00 – FXM Continuous
are approx. alignment between Nutron/ITaC JSE go live completion Trading Start
15 confirmation to clientsMember Data Verification Sign-off NB!! 27 Apr 2019
• On Saturday 27 April, Trading and Clearing Members must provide sign-off on the account,
opening positions and collateral (margin) balances take-on performed by the JSE as part of the
final ITaC go live weekend activities
• This form needs to be signed and submitted to the JSE by the appropriate responsible
representative(s) within the Trading or Clearing Member firm
Note: All data verification queries need to be logged with your SIP and CSC and be
resolved on Saturday, 27 April 2019 during the data verification period.
Do not forget to submit sign-off sheets to JSE ASAP on 27 April
Take-on data to be signed off includes:
1. Sub Accounts NB: To understand DATA
2. Client Accounts and Tripartites MIGRATION PROCESS AND TAKE-ON
3. Positions RULES
4. Cash accounts (Member cash accounts and foreign view the Guidance Note
clients) ITaC Guidance Note on Data take-on
5. Additional margin setups for EDM and FXM.pdf
6. Cash collateral balances (Clearing Members only)
16Trading and Clearing Member Sign-off
NAME OF TRADING / CLEARING
MEMBER:
NAME OF AUTHORISED
REPRESENTATIVE:
DESIGNATION OF REPRESENTATIVE:
DATE: / / 2019 Click here
SIGNATURE: to download
DATA TO BE COMMENTS (IF Signoff sheet
VERIFICATION BY DESCRIPTION VERIFIED
VERIFIED NECESSARY)
Cash Collateral Clearing Members Verify cash collateral balances
Balances Only at a member and client level
Trading and Verify position take-on at
Positions Click and Return
Clearing Members member and client level
completed
Verify take-on of position signoff
Position Trading and
accounts including member Sheet to
Accounts Clearing Members ITaC@jse.co.za
and client sub accounts
Trading and
Clients Verify member client take-on
Clearing Members
Tripartite Trading and
Verify tripartite take-on
Agreements Clearing Members
Cash Accounts Verify cash accounts loaded
Trading and
(Member and for members and member
Clearing Members
Foreign Clients) clients
Additional Trading and Verify any additional margin
Margin Setup Clearing Members requirements
17Live Information Subscriber Activities - 26 to 29 April 2019
Thurs Fri Sat Sun Mon
25 26 27 JSE Cut-over continues… 28 29
~6am publish FINAL CSV files,
All Markets Trading Schedules mapping spreadsheet and EDM
adjusted & FXM Friday EOD Closing Price Latest 06h00 Technical
spreadsheet support on site.
Should have All Live Info Subscribers
proved ~15h00 Notice on Go/No Go
confirm receipt of start of
PRODUCTION Decision
day reference data receipt
connectivity to 12h00 – 15h00
and heartbeats
your SIP and the Live Info Subscribers login & prove
All markets closing earlier - see multicast heartbeats only and
JSE
Notice 104B REPLAY/RECOVERY connectivity –
e.g. Real-time
NO TRANSACTION DATA needed Live Info Subscribers Onsite
Info subscribers
MUST confirm
multicast data 12h00 – 15h00
flow and if Live Info Subscribers
possible login to Verify reference Data & previous
REPLAY/ day’s closing prices as at close of
RECOVERY business Friday 26 April has been
converted into ITaC (including 08h00 - FXM & EDM
services
~16h30 – 18h30 contract codes) Trade Reporting Start
JSE Derivative Market batches
and EOD balancing 08h15 – 08h30
JSE Nutron EDM and FXM
EDM Open Auction
Decommissioning activities
commence 08h30 – EDM Continuous
~18h30 Real-time info
subscribers can start internal Trading Start
All times SAST Service Hotline
and are approx. deployment activities for ITaC
JSE go live completion confirmation 09h00 – FXM Continuous
18 to clients Trading StartNon-Live Information Subscriber Checklist
• Non-Live Information Subscribers
• Verify reference data (as at close of business on Friday, 26 April 2019) has been correctly converted
into ITaC - this verification should include Contract Codes
• JSE will provide details on final data record subscription set in week of 15 April
• Verify back to JSE in that week that the data record subscription set is correct for production
• Verify in week of 15 April that access to the new NLMD production folder is working
• On weekend of go-live, verify that all new/changed data file processing routines are in place to point
to new Edxx.zip data files via new production folder and not to current website reports/files and/or
current data records
• For subscribers that process current IRC data records for Interest Rate Derivatives data, verify that
these routines will continue to process current IR.zip data file but excluding Currency Derivatives data
19Summary Production Service Schedule
Start Of Trading Opening Auction Call Continuous Trading Post Close
EDM 07:00 - 08:15 08:15 - 08:30 08:30 - 17:30 17:30 - 18:30
FXM 07:00 - 09:00 09:00 - 17:00 17:00 - 18:30
EDM Trade Reporting 08:00 – 18:30
FXM Trade Reporting 08:00 – 18:30 Note: ITaC
SLA’s post go
live during the
EDM Deal Mgmt 08:00 – 18:30 bedding down
FXM Deal Mgmt 08:00 – 18:30 period may
RTC EOD not be met
From 18:30 onwards due to
RTC CM Balancing 1 18:50 additional
RTC CM Balancing 2 19:20 manual
verification
Post EOD 22:00 steps being
included
EDM & FXM Derivatives
20:30 (see detailed specs for all SLAs per record type)
NLMD records
Client CSV and Trader ID
~22:30
files
20Go live Reminders
STAY INFORMED: Subscribe to the GO LIVE communication contact groups
• URGENT: In preparation for go live – kindly confirm all required contact details with your
buddy ASAP:
1. Daily Production Operational Contacts
2. ITaC Project Contact (Responsible Officer, Primary Officer, Project Manager)
3. Senior Escalation Contact
MONITOR GO LIVE STATUS: Communication updates via this link and key updates via SMS
• https://www.jse.co.za/services/technologies/market-communications
ALL DOCUMENTATION: Available on the ITaC webpage
• https://www.jse.co.za/services/itac#OtherDocumentation
• Data verification signoff sheet
• Instrument Mapping Spreadsheets
• Derivatives instrument closing price file (as at COB Fri, 26 April 2019)
21First Line Support
Client Front-end SIP / SWP YES
Log call with
connectivity or Investigate
your SIP / SW
functional issue - need to
Provider SIP/SWP
escalate?
escalate to JSE CSC
NO
Apply corrective JSE
actions Logged
Apply corrective actions
ticket
Apply corrective actions
1st Line Support - Shared Infrastructure Provider (SIP) or Software Provider (SWP)
• Contact your SIP and/or SWP first to report the issue encountered
• Your service provider will trouble shoot and investigate and if necessary escalate/log a
call with the JSE CSC
1st Line Support – JSE Client Service Centre (CSC)
• Contact us on CustomerSupport@jse.co.za or +27 11 520 7777
• NOTE Clearing Members: - issues with balancing need to be directed to ClearOps as per
standard logging process
22Agenda
• ITaC High Level Timeline and Key Dates
• Early Deployment Support Model Update
• Go live cutover, Deployment & Support
• High Level Business Continuity Scenario Planning
• Client Forum Topics
• Questions
23High Level Business Continuity Scenario Planning
Trading System Market Data Real-Time Clearing Incorrect Prices Clearing Members Other
* Not available or Clearing Member
* Real Time on T after EOD has
trades not feeding not able to connect
* Not available market data not started Stressed prices
into RTC and receive all RTC
to entire market being published by but before EOD file not available
- before start of messages on
JSE complete
trading current business day
* Real Time * Not available or EOD – JSE and CMs
on T after EOD Client CSV files
* Some TMs market data not trades not feeding not balancing
complete incorrect for
cannot access being received by into RTC - during (Detailed processes
Instruments
some clients trading agreed with CMs)
Not available or
Client CSV files
trades not feeding
on T+1 incorrect for
into RTC - during
Traders
EOD process
* Scenarios shaded in Yellow may potentially result in a Trading market halt or a delay in market opening
• Market guarantee principles will be used to assess extent of impacted users
• Resolve cause and communicate as per production process
• Trading sessions will be extended if necessary
• Relevant Advisory committees will be consulted
24Agenda
• ITaC High Level Timeline and Key Dates
• Early Deployment Support Model Update
• Go live cutover, Deployment & Support
• High Level Business Continuity Scenario Planning
• Client Forum Topics
• Questions
25Client Forum Sessions – Draft Agenda
Date Session Topics for Discussion
24 April 2019 • Final Go Live Briefing
26APPENDIX
• Appendix A
• Daily trading life cycle
• EDM System reminders
• FXM System Reminders
• Clearing EOD process
27Daily Trading Lifecycle
Timeline of a trading day
Publish Client
Reference Data
20:30 -
Files to IDP
Application
Publish Client Reference Start up Applications 18:30 - Processes
Data Files to IDP Market Shutdown
(Contingency) Close (Clients will
Start up 06:15 - 06:30 - Trade Reporting
Operational Market get
Trading
Day Start disconnected
Processes Open
05:15 - from
Start of Opening Continuous Post
Users can 20:00 - Gateways)
Trading Auction Trading Close
login Operational
Day End
23:00 05:00 06:00 07:00 08:00 18:00 19:00 20:00
22:30 23:30
04:30 08:30 17:30 20:30
(t)
(t-1) (t)
End of Trading
Intraday Market Activities • Trading through Day
Start of Day • On book trading (enter colocation • End of Day
• Establish amend and delete orders) • Market Data and dissemination
Connection • Reported trading (off- Statistics files (IDP)
and Login book trading) • Drop Copy • Log out
• RFQs • Post Trade of Trades • Disconnection
• Quotes • Trade Cancellation and from gateways
• Implied orders corrections
• Create Instruments • Volatility Auctions
28EDM Trading System Reminders
1. Trading Sessions
• New “Start of Trading” session
• Opening Auction extended by 5 min
2. Order Types
• Enabled for Go Live: Limit Orders and Stop Limit Orders
• Disabled for Go Live: Market Orders, Stop Orders, Market if Touched and
Market to Limit orders
3. Trade Types
• AT (On Book) – Automated Trade
• UT (On Book) – Uncrossing Trade
• NT (Off Book) – Negotiated Trade
• SR (Off Book) – Strategy Trade
• RT (Off Book) – Roll Trade
• CD (Off Book) – CFD Trade
4. Circuit Breaker Levels triggering volatility auctions – On Book
• Index Futures: 5% (Static); 1% (Dynamic)
• SSFs: 8% (Static); 4% (Dynamic)
29EDM Trading System Reminders (cont.)
5. Price Bands – Off Book
• Price Band: 4%
• The price bands do not limit the matching of Off Book trades that may breach
the thresholds set
• Trading Members and Clearing Members involved will be notified via a flag on
the trade message if the price band has been breached.
6. Implied Order Creation
• Enabled for Go Live: Implied “In” and “Out”
• Disabled for Go Live; Implied “Across”
7. Published volatility on off book SSF and Index Option trades
• Thresholds no longer applicable as all trade information (including the
volatilities) is published via the trading market data gateways.
Nutron Decommissioning
• EDM will no longer be accessible on Nutron post ITaC go live on 8 April 2019
• Day 1: Members will still be able to log into Nutron but will not be able to
perform any trading functions i.e. will only be able to access download files
applicable for the previous trading day (Print/Transfer)
• Day 2: Members will still be able to log into Nutron, but will not be able to access
30 or download any of the files, via the print/transfer functionalityFXM Trading System Reminders
1. Trading Sessions
• New “Start of Trading” session
• 07h00 – 08h00 - View open orders, view expired orders
• 08h00 – 18h30: Trade reporting
• Extended closing time of the deal management and trade reporting session to
18h30
2. Order Types
• Enabled for Go Live: Limit Orders and Stop Limit Orders
3. Trade Types
• AT (On Book) – Automated Trade
• NT (Off Book) – Negotiated Trade
• SR (Off Book) – Strategy Trade
• RT (Off Book) – Roll Trade
4. Price Bands – On Book
• This is the tolerance defined as a percentage in relation to the Static Reference
Price (previous days closing price)
• These limit entry of an order (order rejected) as well as an amended order that
may breach the threshold that has been set in the trading system
31 • Price Band: 8%FXM Trading System Reminders (cont.)
5. Price Bands – Off Book
• Price Band: 4%
• The price bands do not limit the matching of Off Book trades that may breach
the thresholds set
• Trading Members and Clearing Members involved will be notified via a flag on
the trade message if the price band has been breached.
• Trades will be accepted and Clearing Member notified
6. Implied Order Creation
• Enabled for Go Live: Implied “In” and “Out”
• Disabled for Go Live; Implied “Across” (across different calendar spreads)
Nutron Decommissioning
• The Currency Derivatives Market will no longer be accessible on Nutron post ITaC
go live on 8 April 2019
• Day 1: Members will still be able to log into Nutron but will not be able to
perform any trading functions i.e. will only be able to access download files
applicable for the previous trading day (Print/Transfer)
• Day 2: Members will still be able to log into Nutron, but will not be able to access
or download any of the files, via the print/transfer functionality
32Clearing EOD Processes
EOD processes and timings
RTC
RTC Clearing EOD Post-EOD SoD
VIS
SoD EOD
Roll
Net Reference Business
payment Data Day and
EDM, FXD (RTC)
instructions updates, RTC
CM Bal CM Bal
(all Transfers available
1 2
markets) and CAs for logon
07h30 18h10-28 18h30 18h45 18h50 19h20 19h30 06h00
22h00
Deal Closing Daily
Mgmt Prices incl. Daily Account CM Balancing 1:
Closing contracts - IM, AM, VM, Dividends, Funding Interest
End Account Summary
Prices created in Summary Booking CM Balancing 2:
published reporting Fees, - Booking Fees, Commissions, Risk Fees
on RTC period Comms
(monthly); Net payments for IRD and CDM
also published at CM Bal 2
IRD, CDM (Nuclears)
Net payments for IRD
and CDM feed into RTC NB: Above times are indicative and
exclude time for troubleshooting in the
EoD - IRD
event JSE and Clearing Members do
not reconcile at CM Balancing 1 and 2.
EoD - CDM
These are not SLA times.
33Questions?
Please refer all queries to the
JSE Client Service Centre (CSC)
CustomerSupport@jse.co.za
+27 11 520 7777
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